AMIR DEMBO 1 Department of Statistics, Stanford University, Stanford, CA 94305-4065, USA email: [email protected] QI-MAN SHAO 2 Department of Mathematics, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong, China; Department of Mathematics, University of Oregon, Eugene, OR 97403, USA; Department of Mathematics, Zhejiang University, Hangzhou, Zhejiang 310027...

In this paper we tie together the two literatures of durable goods monopoly and exhaustible resource pricing. We show that the intertemporal no-arbitrage condition that arises if the durable good monopolist seller can commit to a price path mirrors the intertemporal no-arbitrage condition if the monopsonist buyer of an exhaustible resource can commit to a price path. The intuition is that the d...

What type of regularization method is optimal for penalized-likelihood image reconstruction when the imaging task is signal detection based on a channelized Hotelling (CHO) observer? To answer such questions, one would like to have a simple analytical expression (even if approximate) for the performance (SNR) of the CHO observer given different reconstruction methods. Bonetto, Qi, and Leahy (IE...

I characterise the dynamics of capacity accumulation and investment in advertising in a spatial monopoly model, contrasting the socially optimal behaviour of a benevolent planner against the behaviour of a pro...t-maximising monopolist. I show that, in steady state, the monopolist always distorts both kinds of investment as compared to the social optimum, except in a situation where the Ramsey ...

Inference about the difference between two normal mean vectors when the covariance matrices are unknown and arbitrary is considered. Assuming that the incomplete data are of monotone pattern, a pivotal quantity, similar to the Hotelling T 2 statistic, is proposed. A satisfactory moment approximation to the distribution of the pivotal quantity is derived. Hypothesis testing and confidence estima...

In this paper, we define general canonical correlations, which generalize the canonical correlations developed by Hotelling, and general canonical covariate pairs, the corresponding linear statistic. We also define canonical variance distances with corresponding canonical distance variates. In a rather broad setting, these parameters and their corresponding linear statistics are characterized i...

We study a variant of the multi-candidate Hotelling-Downs model that recognizes that politicians, even after declaring candidacy, have the option of withdrawing before the election date. We find that this natural variation dramatically alters equilibrium predictions. Under a mild parametric restriction, an equilibrium always exists for an arbitrary finite number of candidates. Moreover, under s...

We study a one-dimensional Hotelling-Downs model of electoral competition with the following innovation: a fraction of candidates have “character” and are exogenously committed to a campaign platform; this is unobservable to voters. Character is desirable, and a voter’s utility is a convex combination of standard policy preferences and her assessment of a candidate’s character. This structure i...

Multivariate statistical process control deserves particular attention in the recent scenario. Though, Hotelling control chart is quite popular and widely used technique in this field but its performance is deteriorated when the underlying distribution of the quality characteristics is not following multivariate normal distribution. Hence the need of developing a non-parametric multivariate con...